NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors
that they have until May 8, 2018 to file lead plaintiff
applications in a securities class action lawsuit against Wageworks,
Inc. (NYSE: WAGE), if they purchased the Company’s securities between
May 6, 2016 and March 1, 2018, inclusive (the “Class Period”). This
action is pending in the United States District Court for the Northern
District of California.

Wageworks and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.

On March 1, 2018, the Company announced that it was delaying filing its
10-K for FYE December 31, 2017 due to material weaknesses in its systems
of internal controls and that its practices and controls relating to its
accounting and preparation of earnings disclosures were ineffective.

On this news, the price of WageWorks’ shares fell $9.75, or 18.58%, to
close at $42.70 per share on March 1, 2018.

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